1. What is the future value of $925 deposited for one year earning an 8 percent interest rate annually? (Do not round intermediate calculations. Enter your answer as a whole number.)

2. A project has an initial cost of $52,200 and is expected to produce cash inflows of $18,800, $26,900, and $44,200 over the next 3 years, respectively. What is the project’s internal rate of return? 27.98 percent 20.21 percent 22.27 percent 29.60 percent

3. A project has an initial cost of $27,000 and cash inflows of $5,800, $5,400, $19,600, and $11,000 over the next 4 years, respectively. What is the payback period? 2.81 years 1.81 years 4.93 years 3.93 years